RBC Capital analyst Alex Barkley maintained a Buy rating on De Grey Mining Ltd (DGMLF – Research Report) on February 12 and set a price target of A$1.60. The company’s shares closed last Friday at $0.80.
According to TipRanks, Barkley is a 3-star analyst with an average return of 3.4% and a 55.56% success rate. Barkley covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Northern Star Resources Ltd, and De Grey Mining Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for De Grey Mining Ltd with a $1.13 average price target.
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The company has a one-year high of $1.15 and a one-year low of $0.65. Currently, De Grey Mining Ltd has an average volume of 17.95K.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DGMLF in relation to earlier this year.
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De Grey Mining Ltd (DGMLF) Company Description:
De Grey Mining Ltd is a Western Australian based mining company that centres on the exploration of base and precious metals. The company’s primary focus lies in the Pilbara region on the Pilbara Gold Project, which has found to be prospective for gold mineralisation.
